Price for Tractors; (Other than Tractors of Heading No 8709) in Nepal - 2022
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Nepal (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Nepal (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Nepal
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Nepal
Price for Tractors; (Other than Tractors of Heading No 8709) in Nepal (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $29,719 per unit, shrinking by -22.3% against the previous year. Over the period under review, the import price showed a slight slump. The most prominent rate of growth was recorded in 2014 an increase of 51% against the previous year. The import price peaked at $45,407 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($68,098 per unit), while the price for China stood at $11,473 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.6%).
Price for Tractors; (Other than Tractors of Heading No 8709) in Nepal (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $22,560 per unit in 2022, surging by 19% against the previous year. In general, the export price enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 131%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($29,144 per unit), while the average price for exports to Canada amounted to $2,805 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Nepal
In 2022, approx. 1.2K units of tractors; (other than tractors of heading no 8709)s were imported into Nepal; dropping by -59.8% on the previous year. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. As a result, imports reached the peak of 2.9K units, and then dropped rapidly in the following year.
In value terms, imports of tractors; (other than tractors of heading no 8709)s shrank dramatically to $34M in 2022. In general, imports continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of $110M, and then shrank remarkably in the following year.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 82.5 | 59.3 | 100 | 24.8 | -33.0% |
| China | 8.2 | 8.4 | 9.5 | 9.0 | 3.2% |
| Others | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Total | 91.0 | 68.0 | 110 | 34.4 | -27.7% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Nepal in 2022:
- China (788.0 units)
- India (364.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Nepal
In 2022, approx. 4 units of tractors; (other than tractors of heading no 8709)s were exported from Nepal; rising by 100% against the previous year's figure. In general, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s skyrocketed to $90K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.8 | 16.9 | 32.3 | 87.4 | 214.9% |
| Canada | 3.4 | 7.8 | 5.7 | 2.8 | -6.3% |
| Azerbaijan | 9.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.0 | 24.7 | 38.0 | 90.2 | 78.0% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Nepal in 2022:
- India (3.0 units)
- Canada (1.0 units)
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